This move leaves the Buccaneers with just two quarterbacks on the roster — Mike Glennon and Seth Lobato.

Tampa Bay owns the No. 1 pick in the 2015 Draft and numerous reports have connected the Bucs to Florida State QB Jameis Winston and Oregon QB Marcus Mariota, so this further suggests that one of them will come off the board at No. 1 overall.

McCown, 35, signed a two-year, $10 million contract with the Buccaneers back March of last year. He was set to make a base salary of $5.25 million for the upcoming season.

The Buccaneers will free up $5.25 million by releasing McCown and take on no dead money, according to OverTheCap.com.

In 2014, McCown threw for 2,206 yards while completing 56.3 percent of his passes to go along with 11 touchdowns and 14 interceptions. Pro Football Focus has him rated as the No. 34 quarterback out of 39 qualifying players.